Tag: investing

The Decision Not To Raise Rates Steady as she goes. That seems to be the Bank Of Canada’s motto as, for the first time in over a year, it’s keeping the benchmark interest rate unchanged. In fact, since June 2017 both the central and chartered banks have hiked their rates a total of 5 times, the last occasion being October.…

Winter might not seem like the best time to buy or sell property, but the facts say otherwise. According to The Daily Hive, Toronto’s current housing market can be considered “Balanced” with a Sales-To-New-Listings-Ratio (SNLR) of 57%. That means it’s a great time for both buyers and sellers to get in on the action. Let’s take a closer look at…

Toronto’s East End is youthful yet sophisticated, family-friendly but never boring. In fact, there’s always something to see, do, eat and explore… So without further ado, here are the Top 10 Things you can do in Toronto’s East End. #1. Sightseeing In The East End: The Broadview Hotel Riverdale is home to some beautiful Victorian and Edwardian architecture, and none…

Pot is now legal in Canada, and with its legalization comes new challenges and regulations. So what exactly are the rules? And how do they affect you as a homeowner, landlord, renter or buyer? Let’s explore this brave new world of cannabis and real estate…. Pot: What’s Legal & What’s Not Here’s a breakdown of what you can and can’t…

Why are property values suddenly skyrocketing in Riverdale Toronto? Because bright young professionals and their families love the area, drawn to its diverse population, incredible food, excellent schools, and beautiful green-spaces. The neighbourhood has a reputation for being family-friendly, and as a result, more and more people are moving in. Let’s look at what makes Riverdale so attractive to parents….…

Riverdale – An Overview Gorgeous scenery, amazing schools, family-friendly neighborhoods, fantastic arts, and delicious cuisine… These are just some of the highlights of living in Riverdale. In fact, Riverdale is quickly becoming one of the most desirable neighbourhoods in Toronto. Here’s why… Riverdale Is For Families Riverdale has a reputation for being family-friendly, with pristine parks, excellent schools, and wholesome…

Our last post looked at the 3 biggest mistakes people make when hiring a realtor. This one examines the questions you should ask before hiring them, thus ensuring you have the best agent to sell your home. The fact is not all realtors are the same. Each brings a certain level (or lack) of experience, knowledge of particular neighborhoods, sales…

When it comes to selling your home, hiring a realtor with the lowest fees isn’t always the best option. In fact, there are several other factors to consider, including experience, regional knowledge, marketing budget, and pricing strategy. Let’s look at the top 3 mistakes most sellers make when hiring an agent. Mistake #1: Hiring a realtor with the lowest commission…

Variable or Fixed Mortgage – Which Is Better? Since July 2017, the Bank of Canada has raised its key overnight rate four times. It currently stands at 1.5%, while the prime lending rate of big commercial banks is 3.70%. This has left many homeowners wondering which is better: fixed or variable mortgages? Furthermore, what are the benefits of mortgage insurance?…

Understanding The New Interest Rate Hike The Bank of Canada recently raised its key overnight rate by 25 basis points to 1.5%. Big banks like TD and BMO also followed suit, increasing their prime lending rate to 3.70% So how does this affect Toronto’s real estate market? The short answer: positively. While it costs more to borrow, the rate hike is…

The state of Toronto’s condo market for summer 2018 is hot. And, like summer, it’s only going to get hotter…. Some quick (yet revealing) facts: The average price of a downtown condo is currently $673,537 The average days on market for a downtown condo is 16 Overall sales prices have increased 2% year-over-year to $807,871 While detached home prices plummeted…

Spring Thaw After months of cold weather and cool sales, Toronto’s housing market is once again heating up—just in time for spring. Properties in the downtown area are seeing an uptick in offers, while demand for GTA real estate keeps growing. According to The Star, “the real estate industry is finally predicting a return to a traditionally brisk spring.” In…